Oct. 5, 2017
04:45 pm JST

Oct. 5, 2017
04:49 pm JST

If thats what it takes for J public to get behind Koike, s reform so be it. Who cares what its called... no rise in consumption tax, ending nuclear power and cutting number of parasitic politicians and their overblown salaries ? Sounds good to me. Bring Yurinomics or whatever its to be called on.

Oct. 5, 2017
06:24 pm JST

Oct. 5, 2017
06:44 pm JST

the government would increase revenue by taxing earnings retained by major companies, instead of raising the consumption tax rate

So major corporations will pay corporate tax in earnings once as they do now, and face a new double tax on retained earnings?

Can't see this realistically producing 5 trillion yen of revenues each year on a sustainable basis (like the consumption tax hike would), when all corporate tax itself is 12 trillion yen as it is, without negative repercussions for the economy.

It sounds like a silly punitive measure that isn't seriously addressed at fixing Japan's budget problem.

It would also stimulate household consumption by tackling education, healthcare and aged care costs.

How?

I had expected more, from Yuriko. I had expected at least not such vacuous policy proposals.

Oct. 5, 2017
06:51 pm JST

What is the press talking about? She has no plans... just "don't increase sales tax" and stop nuclear power plants.... how does she plan to fix the economy, the labor shortage, pension, lack of day care centers.... Details please!

Oct. 5, 2017
08:04 pm JST

Oct. 5, 2017
08:22 pm JST

Under Yurinomics, the government would increase revenue by taxing earnings retained by major companies, instead of raising the consumption tax rate from 8 to 10 percent in October 2019….. to be fair a draft policy….

Issue is the differential between retain profit and earning in relation to loss.

The amount of profit kept within a company before distributive reserve. Not to mention the concurrent dividend policy and pay out. Plus reorganisations and actions……. Another media circus

Oct. 5, 2017
09:05 pm JST

Oct. 5, 2017
09:11 pm JST

Yurinomics? Someone's taking the Mickey.

The new party will make a dent in the LDP position. There will be stalemate over the consumption tax. But it looks like constitutional change could proceed. It could be interesting to watch the share price of Japanese and US armaments companies over the coming months.

But as for groundbreaking policies to kick-start the economy, no party is setting its stall out, as far as I can see.

Oct. 5, 2017
10:46 pm JST

Oct. 5, 2017
10:50 pm JST

Wasn't Abenomics dumb enough? I guess it's in the ear of the beholder. Abe wasn't the first person to think of printing money. And that's all he's done. What has she done or even proposed? Not raising the sales tax? I think someone with a catchier name thought of that before her.

Oct. 5, 2017
11:16 pm JST

Oct. 5, 2017
11:22 pm JST

Politicians should leave the economics alone. Their names are nothing. Abe is a politician, he knows little about economy. Koike is no better. When politicians mix their names with nomics, you know the consequences: disasters.

Oct. 6, 2017
05:53 am JST

Politicians should leave the economics alone.

That would be easy if corporations stayed out of government. As it is, corporations' survival largely depends on preferential tax treatment, procurement, subsidies, "accommodative" monetary policy, bailouts, and so on. Corporate welfare is at an all-time high. And so are profits.

Wasn't Abenomics dumb enough?

The Japanese economy is actually in better shape now than right before Abenomics.

Oct. 6, 2017
08:24 am JST

What is the press talking about? She has no plans... just "don't increase sales tax" and stop nuclear power plants.... how does she plan to fix the economy, the labor shortage, pension, lack of day care centers.... Details please!

I get a feeling that she almost wants her party to deliberately tank. Something smells fishy. Maybe keeping the 'wa'?

Oct. 6, 2017
08:29 am JST

Oct. 6, 2017
11:20 am JST

"To make up for the lost revenue due to a freeze on the tax rate hike, Kibo no To will propose cuts in public works projects and aggressive offloading of state-owned land.

The party's economic growth strategy will involve utilizing the private sector to a greater extent and pushing forward with deregulation. The corporate tax rate will be cut from about 30 percent to 20 percent for companies in specific business sectors, such as those providing financial services utilizing information technology." [VOTE 2017: Koike's election pledge squares off against Abe administration]